Syz the moment

Source: JC Parets

Here we go ! The Banco Central de Chile (BCCh) is the first central bank to kick off easing cycle! The Chilean Central Bank made a surprising move by cutting its key interest rate by 100bp to 10.25%, surpassing market expectations of a 50bp reduction. The decision was unanimous, and the BCCh hints at further rate cuts in the near future. This move comes as inflationary pressures ease rapidly, and economic activity weakens. Despite recent challenges, the CLP (Chilean Peso Spot) has shown resilience this year, benefiting from reduced political uncertainty. Policymakers aim to support the #economy amidst deteriorating #sentiment and economic activity. The minutes scheduled for August 14 will provide further insights into the central bank's outlook. Source : Bloomberg

Grayscale Investments wants the US Securities and Exchange Commission to know that the latest wave of prospective spot bitcoin ETF issuers should not have an upper hand over the crypto-focused asset manager. Approving certain proposals before others would give the first funds an “unfairly discriminatory and prejudicial first-mover advantage,” a lawyer representing Grayscale wrote in a Thursday letter to the SEC. The company sued the US securities regulator last year after the SEC denied its attempt to convert the Grayscale Bitcoin Trust (GBTC) to an ETF.

Source: Blockworks

Source: TME, Sanford Bernstein

Source: Mac10

Source: Genuine Impact

That's the 2nd biggest monthly increase since Covid. And one of the biggest monthly increases over the last 30 years outside of sales tax hikes. Inflation is not transitory in Japan... $JPY. Source: Viraj Patel, Vanda Research

Source: Charlie Bilello